Winnebago Industry reports 2nd quarter profits fall 2.2%

Money Under Magnify Glass Isolated Over White
money under magnify glass isolated over white

Forest City, Iowa – Winnebago Industries reports profits for its fiscal second quarter hit $21.6 million. The Forest City-based outdoor lifestyle product manufacturer reports that’s down about a half-million dollars, or 2.2 percent, compared to a year ago.

CEO Michael Happe says despite the drop in numbers from 2018 to 2019, the company continues to be in a very good position.

 

Happe says what he’s most pleased with is the company’s growing RV market share.

 

Happe says the company is continuing to see positive things after the acquisition of the recreational boat builder Chris-Craft last year.

 

Winnebago posted revenue of $432.7 million, a decrease of 7.6% compared to the same period a year ago, topping Wall Street expectations.

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